Acronis Snaps Up $250 Million Investment at a $2.5B ValuationAcronis Snaps Up $250 Million Investment at a $2.5B Valuation
Funding shoots for growth, expanding a portfolio of cyber protection products, and enabling MSPs to better serve clients.
May 4, 2021
Cyber protection provider Acronis just got a more than $250 million funding round from CVC Capital Partners VII. Acronis says it will use the money to further accelerate growth. It plans to do this by expanding its portfolio of natively integrated cyber protection products.
Acronis also will use a good chunk of the investment to enhance its go-to-market initiatives by expanding its broad partner network. This aims to help MSPs better serve their end users’ cyber protection needs The investment values the company at more than $2.5 billion.
“Acronis’ management and R&D teams have invested significant resources developing an innovative cloud-native ‘MSP in a box’ solution, with integrated backup, disaster recovery, cybersecurity, remote management and workflow tools,” said Leif Lindbäck, senior managing director of CVC Capital Partners. “Acronis provides mission-critical solutions to more than 10,000 MSPs and a half-million small and medium businesses. CVC has a strong track record in cybersecurity and partnering up with successful entrepreneurs, and we are looking forward to teaming up with Serguei Beloussov and the Acronis team to accelerate the company’s growth.”
Acronis Cyber Protect, the company says, is the first natively integrated unified cybersecurity and data protection solution. This means service providers can operate these critical functions through a single pane of glass. It’s comprehensive cyber protection for less money, Acronis said.
Acronis’ Serguei Beloussov
“With this additional funding, we will accelerate the development of our product portfolio and invest more in our partners’ success,” said Serguei “SB” Beloussov, founder and CEO of Acronis. “Our goal is to develop market-leading technology and help our partners grow their profits, while providing the best protection for their clients.”
Poised for Rapid Growth
Acronis is intent on its growing partner network, which is critical to its overall strategy for fast growth. This is evident in the programs it has rolled out recently. Back in February, the company launched the #CyberFit Partner Program. This was designed to support the development of cloud-focused resellers and service providers. In March, Acronis introduced a new version of Acronis Cyber Protect Cloud. With it, partners can deliver comprehensive cyber protection for all workloads. In April, Acronis introduced a new partner portal, providing tools and training for partners.
With the new funding round, Acronis will expand support for cloud partners. The company will provide them with additional sales and marketing resources. Additionally, they will get faster and localized technical support and dedicated partner success managers.
The investment from CVC will add to the momentum behind cyber protection.
“Acronis has been at the forefront of the cyber protection movement, establishing itself as a pioneer in solutions that unify advanced cybersecurity with innovative data protection,” says Phil Goodwin, research director, cloud data management for protection for IDC. “By continuing to expand their technical capabilities and partner network, the value they bring to the market will only increase.”
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